Cardano (ADA) struggles near $0.70 amid weak momentum
The Most Important Points at a Glance
Cardano (ADA) continues to show weak price performance and is hovering near the support level of $0.70. Despite previous accumulation by large investors, a price increase has yet to materialize. The overall market situation of Bitcoin (BTC) does not contribute to a recovery. Technical indicators suggest ongoing consolidation, while speculative interest remains low.
Weak Momentum for Cardano
ADA remains in a sideways movement and shows little buying interest at the $0.70 support level. The price trend of recent weeks indicates that despite short-term upward movements, the overall structure remains bearish. A key resistance level is at $1.13, which has not yet been breached.
Technical Analysis: Lack of Buying Pressure
The MACD (Moving Average Convergence Divergence) and the signal line are running almost parallel, indicating a lack of momentum. Additionally, the OBV (On-Balance Volume) shows no significant buying pressure. The lack of accumulation suggests that ADA remains in a consolidation phase.
Market Data: Speculators Remain Cautious
Data from Coinalyze shows that open interest (open positions in futures contracts) has stagnated between $400 million and $450 million over the past three weeks. This signals low trading activity and a lack of confidence among market participants. Additionally, spot trading volume remains low, while the cumulative delta volume indicator (CVD) points to ongoing selling pressure.
Outlook: Will the Support Hold?
If Bitcoin does not recover, ADA could fall below the $0.70 mark. A sustained rise above the resistance zone at $0.80 would be an initial positive signal for a potential trend reversal. Until then, price development remains uncertain.
Our Assessment
Cardano is in a critical phase. Low trading activity and a lack of buying interest suggest that a short-term recovery remains difficult. Investors should closely monitor Bitcoin’s development, as a positive market sentiment could be crucial for a potential trend reversal in ADA.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 2 minutes
-
Sci-Fi Slots: The Best Science Fiction-Themed Slot Games
Reading time: ~ 2 minutes
-
Online Casinos in Russia
Reading time: ~ 2 minutes
-
Medium Volatility Slots
Reading time: ~ 2 minutes
-
Low Volatility Slots
Reading time: ~ 2 minutes
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 30 days to claim |
| 14 days to wager / 7 days for free spins |
- There is no maximum bonus amount.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 0.0005 BTC |
| Maximum bet | 0.00004 BTC |
| Bonus validity | 30 days after registration |
| 14 days (1st), 7 days (2nd), 1 day (3rd) |
- To get the bonus, enter the bonus code before the deposit.
- Minimum deposit: 0,07 BCH • 0,4 LTC • 233 DOG • 45 XRP • 0,01 ETH • 20 USDT • 69 ADA • 0,05 BNB • 184 TRX • 20 USDC.
- Maximum bet: 0.007 BCH • 0.0009 ETH • 0.04 LTC • 23 DOGE • 2 USDT • 4 XRP • 18 TRX • 7 ADA • 0.005 BNB • 2 USDC • 2 EUR • 2 USD.
- Free spins are provided in batches of 25 per day.
- Free spins are credited on the Gamebeat slots: Max Miner (1st), Book of Elixir (2nd) and Odin’s Tree (3rd).
| 1st deposit | 120% up to $500 + 100 Free Spins |
| 2nd deposit | 100% up to $300 + 100 Free Spins |
| 3rd deposit | 150% up to $500 + 100 Free Spins |
| 4th deposit | 100% up to $300 + 100 Free Spins |
| Wagering requirements | 45x deposit + bonus |
| 40x free spins winnings | |
| Minimum deposit | $10 (1st) |
| $15 (2nd-4th) | |
| Maximum bet | $5 per round |
| Bonus validity | 30 days to claim, 7 days (1st-4th) |
| 7 days for free spins |
- You must complete the registration and verification process, including a valid email or phone number, to qualify for this bonus.
- You must select the desired bonus during the deposit process.
- There is a maximum withdrawal limit of $10 from winnings derived from free spins.
Advertising transparency